In last trading session, Urban Edge Properties (NYSE:UE) saw 1,446,968 shares changing hands with its beta currently measuring 1.49. Company’s recent per share price level of $11.21 trading at $0.3 or 2.84% at ring of the bell on the day assigns it a market valuation of $1.31 Billion. That closing price of UE’s stock is at a discount of -93.93% from its 52-week high price of $21.74 and is indicating a premium of 37.73% from its 52-week low price of $6.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.52 Million shares which gives us an average trading volume of 1.49 Million if we extend that period to 3-months.
Urban Edge Properties (NYSE:UE) trade information
Upright in the green today for gaining 2.84%, in the last five days UE remained trading in the green while hitting it’s week-highest on Tuesday, Jun 23 when the stock touched $11.76- price level, adding 4.68% to its value on the day. Urban Edge Properties’s shares saw a change of -41.55% in year-to-date performance and have moved 3.13% in past 5-day. Urban Edge Properties (NYSE:UE) showed a performance of 19.64% in past 30-days. Number of shares sold short was 2.44 Million shares which calculate 1.64 days to cover the short interests.
Urban Edge Properties (UE) estimates and forecasts
Statistics highlight that Urban Edge Properties is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -40.47% of value to its shares in past 6 months, showing an annual growth rate of -13.79% while that of industry is -12. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -109.1% in the current quarter and calculating -97.7% decline in the next quarter. This year revenue growth is estimated to drop -16.7% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $88.4 Million for the same. And 2 analysts are in estimates of company making revenue of $90.09 Million in the next quarter that will end in September 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -0.8% while estimates for its earnings growth in next 5 years are of 4.3%
Urban Edge Properties (NYSE:UE)’s Major holders
Insiders are in possession of 5.62% of company’s total shares while institution are holding 90% percent of that, with stock having share float percentage of 95.36%. Investors also watch the number of corporate investors in a company very closely, which is 335 institutions for Urban Edge Properties that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at UE for having 17.59 Million shares of worth $154.99 Million. And as of March 30, 2020, it was holding 15.1% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 16.22 Million shares on March 30, 2020. The number of shares represents firm’s hold over 13.92% of outstanding shares, having a total worth of $142.9 Million.
On the other hand, Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of January 30, 2020, the former fund manager was holding 5957623 shares of worth $109.56 Million or 5.11% of the total outstanding shares. The later fund manager was in possession of 3.37 Million shares on March 30, 2020, making its stake of worth around $29.67 Million in the company or a holder of 2.89% of company’s stock.